tag:blogger.com,1999:blog-6616959642391988608.post2970689943592352792..comments2018-03-19T17:02:40.877-07:00Comments on Calafia Beach Pundit: Eurozone updateScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-6616959642391988608.post-49885012818755401312012-05-21T22:45:54.070-07:002012-05-21T22:45:54.070-07:00Re &quot;the fiscal cliff.&quot; I&#39;m not too w...Re &quot;the fiscal cliff.&quot; I&#39;m not too worried about this. If spending gets cut that is a good thing, not a bad thing. If taxes increase that is bad, but I just don&#39;t see a majority of Congress in favor of allowing that to happen given the economy&#39;s relative weakness.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-64856746299693464312012-05-21T14:11:07.836-07:002012-05-21T14:11:07.836-07:00Did Ken Fisher marry Abby Cohen?Did Ken Fisher marry Abby Cohen?Hanshttps://www.blogger.com/profile/05183141792723754273noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-31991627025546627602012-05-19T13:20:31.951-07:002012-05-19T13:20:31.951-07:00Scott,
Big houses consider the worst case scenari...Scott,<br /><br />Big houses consider the worst case scenario i.e. bank run in Europe which could lead to sudden stop in EM economies (take a look on Kospi index, authorities there consider intervention to stabilize the market)), so naturally the whole investment community loads ust/bunds. The problem is while it occurs valuation metrics does not work, what works is CB action.<br /><br />BTW, what is your take on ficsal cliff story.Family Manhttps://www.blogger.com/profile/16757562505353144887noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-67800238491536819432012-05-19T11:21:49.571-07:002012-05-19T11:21:49.571-07:00A few questions.
Is the bond purchasing not a form...A few questions.<br />Is the bond purchasing not a form of internal QE - not as you would imply money coming from Europe.<br />Who do you believe should provide jobs when the private sector can no longer do it - who other than government is the source of job creation when confidence has failed. Wealth is only ever generated by increased efficiencies in technology and always squandered by inept government and financial institutions - both in USA and Europe. <br />I live in Ireland - its bankrupt.<br />Have you ever known unemployment yourself - not because you didn&#39;t work hard but because your industry stopped functioning. I don&#39;t know the economic jargon and I am not fooled by well manicured statistics - I see a broken system. Hurting broken people is not working.<br />Massive government projects as in the great depression will work - maybe not ideal but better than structural social unrest and misery.burmanhandshttps://www.blogger.com/profile/09017094019479329952noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-89251368290284110672012-05-19T11:04:46.108-07:002012-05-19T11:04:46.108-07:00If you have had enough with Pessimism and would a ...If you have had enough with Pessimism and would a more positive take on the US and Europe, you might want to read <br /><br /><a rel="nofollow">http://www.marketminder.com/</a> .<br /><br />It is an offering my Ken Fisher&#39;s Fisher Investments which manages $37 Billion.Williamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-73545484809658837682012-05-18T20:28:23.491-07:002012-05-18T20:28:23.491-07:00And what in the heck does facebook, at 127 times e...And what in the heck does facebook, at 127 times earnings, have to do with what Scott is talking about?<br />California and Greece have much in common. The end of the socialist nations and states is coming soon.SHOOTERhttps://www.blogger.com/profile/05222311237219064546noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-15110345633248178652012-05-18T17:22:41.783-07:002012-05-18T17:22:41.783-07:00Faceflop or fadebook. I am not young. My first j...Faceflop or fadebook. I am not young. My first job out of college was as a broker. I quit in shame and disgust. Nothing has changed. The hype was so the owners could cash in at a higher price. California loves this because there will be a large capital gains tax in the billions. I arrived in California several years before the then governor Jerry Brown got the public employees to unionize. The current governor Jerry Brown is the same guy and he was going to take on the unions. Just like Arnold was going to. Californians believe, like Europeans, in a privileged government class. Most new revenue goes to union pension plans to make up for under funding. If Californians are delusional, the truth will prevail someday. We will see.<br /> <br />By the way, my daughter who is exhibiting some good traits as a trader picked up some FB shares at just over the IPO price of $38 by being patient and waiting for the first wave of selling. This was her goal and she pulled it off while others paid up to $45 after the shares opened at $42. She may soon have a different kind lesson coming her way.Squirehttps://www.blogger.com/profile/14088030568579672500noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-82555581289040592352012-05-18T16:21:36.426-07:002012-05-18T16:21:36.426-07:00I must reserve any optimism until after California...I must reserve any optimism until after California settles -- hopefully, Gov Brown will take action to balance the California budget rather than go to the voters to ask for a tax increase -- however, I doubt that he will collapse -- said another way, Gov Brown appears prepared, if not eager, to lead California into insolvency and perhaps court mandated tax increases -- either way, California is about to experience either drastic cuts in spending, or drastic increases in taxes -- I need to understand what will happen in California before I take any chances on optimism -- the only good news is a sudden collapse of California will only make equities cheaper than ever -- I intend to buy cheap equities through the crisis -- bargains are everywhere right now (and by bargains, I am not talking about Facebook)...Dr William J McKibbinhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-61339483140022060292012-05-18T16:02:02.812-07:002012-05-18T16:02:02.812-07:00I like to think my 15 yr old son is pretty savvy. ...I like to think my 15 yr old son is pretty savvy. He thinks Facebook is only for girls sharing pictures. That view is supported by the fact that Facebook just bought Instagram to take out a possible disruptor. He thinks Twitter and Stumble Upon are much more in vogue. My daughter likes Pinterest. My conclusion is that Facebook&#39;s primary user base is fickle as hell and they risk becoming irrelevant. As for ad revenue - the only stories I know (in press and personal knowledge) are of businesses that want it to pay off but haven&#39;t yet - see GM. Their huge user base presents lots of opportunities, but jeez... it&#39;d be nice if they actually produced something.randyhttps://www.blogger.com/profile/16368254229927808998noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-28378470848619493662012-05-18T13:35:23.703-07:002012-05-18T13:35:23.703-07:00For the last half hour of trading it was an epic b...For the last half hour of trading it was an epic battle for Facebook at $38.00. Sellers pushed the shares to $38.01. Everytime the price when to $38.00 the bid shares went to well over a hundred thousand. At $38.10 there were very few shares bid. The underwriters were simply not going to allow the price to go below $38.00.<br /><br />I live near Facebook’s campus. They had media &amp; police helicopters hovering over the campus this morning. Media vans with dishes on top were all over and hundreds of reporters and cameramen and others wandered around. It was beautiful weather so why not. One Facebook employee I know has been working with almost no sleep since Wednesday in anticipation of today. You should see the nice car she is going to buy. There is so much money going to be pumped into the local economy soon. Into stocks? I doubt it.<br /><br />It is going to be a party all weekend long mid-peninsula.Squirehttps://www.blogger.com/profile/14088030568579672500noreply@blogger.com